Torrid Holdings Inc. (NYSE:CURV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Torrid Holdings Inc. (NYSE:CURV) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.20.

CURV has been the subject of a number of research analyst reports. William Blair raised Torrid from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group reduced their price objective on shares of Torrid from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Bank of America began coverage on shares of Torrid in a report on Friday, December 6th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Telsey Advisory Group dropped their price objective on Torrid from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th.

Torrid Price Performance

Shares of NYSE CURV opened at $5.68 on Tuesday. The company has a 50-day moving average price of $4.27 and a 200-day moving average price of $5.49. The stock has a market capitalization of $595.02 million, a P/E ratio of 37.87, a P/E/G ratio of 1.20 and a beta of 2.01. Torrid has a 1 year low of $2.18 and a 1 year high of $9.14.

Institutional Investors Weigh In On Torrid

A number of large investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its stake in shares of Torrid by 161.0% during the 2nd quarter. Ritholtz Wealth Management now owns 38,180 shares of the company’s stock valued at $286,000 after acquiring an additional 23,553 shares during the period. GSA Capital Partners LLP increased its position in Torrid by 87.3% in the third quarter. GSA Capital Partners LLP now owns 108,234 shares of the company’s stock worth $425,000 after purchasing an additional 50,439 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Torrid by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,941 shares of the company’s stock valued at $346,000 after acquiring an additional 6,968 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Torrid in the 3rd quarter worth approximately $166,000. Finally, Centiva Capital LP purchased a new position in Torrid during the third quarter worth $3,930,000. Institutional investors own 81.82% of the company’s stock.

Torrid Company Profile

Torrid Holdings Inc operates in women’s plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid, Torrid Curve, CURV, and Lovesick brand names. It is involved in the sale of tops, bottoms, dresses, denims, activewear, intimates, sleep wear, swim wear, and outerwear products; and non-apparel products comprising accessories, footwear, and beauty products.